Other Bank Facilities. The Authority shall not enter into or become liable under any other Bank Agreements in connection with the Authority’s general obligation debt unless the obligations to the Bank under this Agreement and the Bank Note are at least pari passu with the obligations under the other bank facility, both in right of payment and with respect to any lien on or pledge.
Other Bank Facilities. In the event the District shall enter into any Bank Agreement which Bank Agreement provides the Bank Agreement Provider with
(i) covenants of the District not included in this Agreement, (ii) covenants of the District which are included in this Agreement but which are significantly more favorable to the Bank Agreement Provider, (iii) events of default not included in this Agreement (other than additional events of default the remedy for which is in an immediate termination or suspension of the obligations of the Bank Agreement Provider), (iv) events of default which are included in this Agreement but which are more favorable to the Bank Agreement Provider (e.g.. shorter cure periods) and/or (v) collateral in addition to a pledge of Revenues (collectively, the “Additional Rights”), then the Additional Rights shall automatically be incorporated into this Agreement and the Bank shall have the benefit of such the Additional Rights as soon as such Bank Agreement becomes effective. Promptly following the District’s execution and delivery of a Bank Agreement containing the Additional Rights, the District shall give the Bank written notice thereof and the District shall enter into an amendment to this Agreement to include such Additional Rights, provided that the Bank shall maintain the benefit of such Additional Rights even if the District fails to provide such amendment. If the District shall amend the Bank Agreement such that it no longer provides for such Additional Rights or if the Bank Agreement terminates, then, without the consent of the Bank, this Agreement shall automatically no longer contain the Additional Rights and the Bank shall no longer have the benefits of any of the Additional Rights. In the event that the District shall enter into any Bank Agreement which provides that the District shall repay the obligations thereunder that are secured by Revenues over a period of time that is shorter (such shorter amortization period, the “Shorter Amortization Period”) than the amortization period provided herein (the “Existing Amortization Period”), this Agreement shall automatically be deemed amended so that the Existing Amortization Period shall become the Shorter Amortization Period. Promptly following the District’s execution and delivery of a Bank Agreement containing a Shorter Amortization Period, the District shall give the Bank written notice thereof and the District shall enter into an amendment to this Agreement to include such Shorter Amortization...
Other Bank Facilities. Indebtedness of the Borrower existing on the date hereof and reflected on the financial statements furnished pursuant to Section 3.1.11 (Financial Condition);
